Confused about the increasing cost of living? Here's GLAMOUR's comprehensive guide to the crisis.
On 26 May 2022, the HM Treasury released aconfirming that millions of UK households will be eligible to benefit from £15 billion of targeted government support to help with the rising cost of living. The support package will be partly funded through a 25% windfall tax on the “extraordinary” oil and gas firms' profits, which have increased in recent months.
As of October 2022, all UK households will receive a £400 discount on their energy bills: double what was originally promised in theEight million households on means-tested benefits will receive an extra £650 paid directly into their bank accounts in two lump sums The DWP will make these payment in two lump sums – the first from July, the second in the autumn. Claimants will need to be in receipt of one of these benefits, or have begun a claim which is later successful, as of 25th May 2022 to be eligible for the first of the two instalments.
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